Global lightweight metals market is set to witness a substantial CAGR of 8.75% in the forecast period of 2019- 2026. The report contains the data of the base year 2018 and historic year 2017. Increasing usage of lightweight metals in various applications is the major factor for the growth of this market.
Light metals are those metals which usually have low density and high strength. These light metals have very low- toxicity as compared to the heavy metals. Aluminium, titanium, beryllium and magnesium are some of the common type of the lightweight metals. These light metals are widely used in the industries like aerospace, chemical process, medical and marine. They usually improve p product shape, conductivity, ductility, malleability, yield strength, and melting point.
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Key Market Competitors:
Few of the major competitors currently working in global lightweight metals market are DuPont, Solvay, Exxon Mobil Corporation., SABIC, Bayer AG, TORAY INDUSTRIES, INC., Novelis, ArcelorMittal, PPG Industries, Inc., Alcoa Corporation., VSMPO-AVISMA Corporation., U.S. Magnesium LLC, Precision Castparts Corp, Trinseo, Owens Corning, Hexcel Corporation,, Thermo Fisher Scientific., 3T Additive Manufacturing Ltd, Henkel Adhesives Technologies India Private Limited, Owens Corning among others.
Segmentation: Global Lightweight Metals Market
- By Type (Composite, Metals, Plastics)
- By Applications (Aerospace, Marine, Chemical Process, Medical)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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